Dividend Declaration

Close Technology & General VCT PLC
13 June 2005

                       CLOSE TECHNOLOGY & GENERAL VCT PLC

                    Revised Asset Value and Interim Dividend


The Company has decided to declare an interim dividend for the current financial
year at a rather earlier date than normal.  The introduction of the new
International Financial Reporting Standards is likely to change the way in which
the Company currently accounts for the payment of dividends.  An early interim
dividend is therefore likely to give the Company more flexibility ensuring that
any change in accounting treatment that may be required can be accommodated
within the Company's overall strategy of maintaining a strong and reasonably
predictable dividend yield.



Due to the Company's continuing strong performance it is now intended that the
target for the total dividends for the year will be raised from 7 pence to 8
pence.  It is intended that, so far as is practicable and if the Company's
performance permits, this level will continue for future periods.  The Company
therefore declares an interim dividend of 4 pence per Share (2004: 1 penny per
Share) payable on 14 July 2005 to shareholders on the register on 24 June 2005.
2 pence of the dividend is being paid out of realised capital profits.



The Company's unaudited net asset value at 30 April 2005, after allowing for the
interim dividend referred to above, was 117.9 pence per Share.



13 June 2005





For further information:

Patrick Reeve   Close Venture Management       Tel: [phone]




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